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Increase payments or not?
I have some old debts, around £27,000 in total, going back 14 years when I was young and financially immature. The bank lent me this when I was living at home working in a call centre on 14k a year! Stupid of them but more stupid of me I know. Needless to say I defaulted on the loan. I strangely don't think about it much…
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YNAB Alternative?
Hi all, After years of debt and being on and off these pages I really do need help. Im absolutely serious about kicking this problem once and for all! I signed up to YNAB but Im totally flabbergasted! Is there an alternative in uk version?
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Being hounded re someonelses debt
Not sure where to post this.... I'm receiving calls daily from a mob called capquest. The calls are coming to my business mobile and started 2/3 years ago. I have informed them the individual they are looking for is not known to our organisation or at the tel number they have on record (they ask for him by first name). The…
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Cancelling direct debits before on DMP help
Just about to start a DMP and I've cancelled my direct debits. I have a loan with HSBC and I've cancelled the direct debit fine but I had set up a standing order for an over payment of £50 a month and they won't let me cancel it online and want me to phone them. This absolutely terrifies me and I know I won't get the…
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Settlement debt from default 2005
I am looking for some help please. My original debt dates from August 2005 with an RBS credit card. I have been paying via Cabot £15 a month which has reduced the sum owed approximately from £8200 to £6700. Prior to 2013 when Cabot bought the business from Equidebt I had been made an offer to clear the debt for 20 % of its…
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What small DFW things will you do this week? w/c 19/12
When we start out on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when…
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Debts after death of debtor
Hi, Hope I am posting this in the right place. My DH has a lot of debt and I was wondering if he was to die before me and the debts have not been paid in full by that time, am I then, as his spouse, liable for his debts? If not, what happens to the debts? Are they written off on production of a death certificate? Thanks in…
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Avoiding default on credit file
I had a loan with my bank and shortly after the inevitable happened, our outgoings had exceeded our incomings for too long and our straw clutching wasn't enough to prevent us being unable to pay our debts. I contacted the bank who were extremely helpful and put it on hold for 6 months. Stupidly (slightly deliberately in a…
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Further steps notice out of blue
Hello I am here in London visiting my mother and preparing for Christmas when my flatmate sent me very disturbing email with attached scan of a document dated 9 Dec from London Collection and Compliance Centre titled "Further steps notice" saying I have failed to pay as directed and they are going to take steps against me.…
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Lowells letter to my gradmother (for me)
hey everyone need some help, I am currently paying off a debt which was with O2 to lowells. Suddenly for no reason they have sent a letter to my grandmothers house. Now I have never lived at my grandmothers home and none of my post gets sent there. Also I have checked my credit file and her address is not on there. My…
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Going independent - any advice!
I'm 3 years into a DMP with Payplan, paying around £480 per month, and currently have around £15k to pay back. My plan is due to end around August 2019. However, I'm thinking of going it alone and using my own repayment plan that I have written up. One of the downsides of a DMP, I have found, is that they seem to have…
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In a mess with old debts.
I have two old debts to LLoyds, one is a credit card from around 12 years ago and a loan from LLoyds from around 7 years ago. The debts were passed to numerous collecting agencies which I foolishly ignored, recently it went to court and a court has ordered me to pay one of the debts off at 50 pounds per month. However, it…
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Capquest Advice
Good Afternoon, I would appreciate some advice if possible: A few months ago I had a letter come out of the blue from Capquest, demanding £10K from account they purchased from HBOS. I did have financial problems about 15 years ago, while going through a divorce, but genuinely thought I'd sorted everything out I sent the…
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DMP Help
Hi, I'm not sure if this is the right place for this but basically I'm in the process of setting up a DMP with stepchange and one of my creditors is Barclaycard. My current account is with Barclays who I don't have any debts with but Barclaycard is a trading name of Barclays so I'm aware of the possibility that Barclays…
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Some HELP & ADVICE would be great to my situation! Keep Car or Sell Car
Good Morning, as title suggest im looking for some advice on how quickly to reduce debt and whether debt is managable or shall i sell a car that i need to reduce debt faster and make potential savings greater? I'll try and be as clear as possible (but please ask if confused) One Account Debt = £-12415.47 (Facility is…
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HELP: Finding the right CC company address for mental health debt write off letters
For some time the mother in law in has been suffering from depression/ mental illness and my wife is her register carer. This weekend things got so bad that sh had to be taken into hospital. To try and help we went through the post to make sure their were no bills due and have found that she ow's nearly £5,000 in credit…
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In debt but still give to charity?
You could almost draw an analogy here with the way the Government says our country is in terrible debt but we still give billions away on foreign aid, but please, no discussions of that here, i am just wondering how many people are in debt, be it big and unmanageable or small and manageable and yet who still give to…
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Can you be defaultes in the same account twice?
Apologies maybe a silly question but can a creditor default you on the same account twice, thus starting the 6 year process again? Thanks
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Quick DMP questions please
Hi all, I owe roughly around £18k and Step Change have recommended a DMP. I'd just like to ask you all a few things. At the minute my partner pays me money each month as I own the house with my ex husband who lives abroad. I'm assuming I declare this as an extra income? It's around £700 a month. Also, my ex husband pays me…
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Taking the first step to be debt free
Hello everbody, I am new to this site so not really sure what I am doing. i just wanted to share with you all that I have now taken the first steps to get on top of my debts. I have racked up debts of over £26000, and I have nothing to show for it. I contacted stepchange today and they have advised that a DMP is the best…
